1099-DA just made crypto taxes even dumber



If you get paid $1k in USDC for work, that’s $1k of income. That same $1k becomes your cost basis

Then when you convert USDC to USD, your exchange sends a 1099-DA and you have to report the “sale” on Form 8949, even if the gain is literally $0

Literally double the paperwork now…
USDC0,01%
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